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CCL Products (India) Ltd (CCL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 519600 NSE: CCL Tea/Coffee | Small Cap | CCL Products (India) Share Price
₹1,043.35 -5.80 (-0.55%)
As on 23-Sep'26 16:59
CCL Products (India) Ltd (CCL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 519600 NSE: CCL Tea/Coffee | Small Cap | CCL Products (India) Share Price
₹1,043.35 -5.80 (-0.55%)
As on 23-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹13,932 Cr.
Current Price
₹1,043.4
52-Week Low / High
₹816 / 1,242
TTM EPS
₹32.4
TTM Sales
₹4,602 Cr.
Book Value per Share
₹182.6
P/E Ratio
32.21
Lower than its 5-year historical median
Industry PE
55.5
Price to Book (P/B)
5.71
Lower than its 5-year historical median
Price to Sales (P/S)
3.03
Lower than its 5-year historical median
EV/EBITDA
19.32
Lower than its 5-year historical median
Dividend Yield
0.55%
Profitability Efficiency
Return on Equity (ROE)
18.20%
Outperforms industry median
Return on Capital Employed (ROCE)
15.90%
Outperforms industry median
Return on Assets (ROA)
9.06%
Operating Profit Margin
14.7%
Net Profit Margin
8.71%
Gross Profit Margin
13.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
28.99%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
22.39%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
25.06%
Asset Quality
Promoter Holding
46.14%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,411 Cr.
Equity
₹26.7 Cr.
Face Value
₹2
All Time Low / High
₹0.10 / 1241.85
Check Before You Invest
Quality
Somewhat GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Weak
Is CCL Products (India) Ltd a good quality company?
CCL Products (India) Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does CCL Products (India) Ltd performance compare with that of its Peers?
Revenue growth of CCL Products (India) Ltd vs industry peers?
CCL Products (India) Ltd revenue CAGR is 29.11%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of CCL Products (India) Ltd?
Promoters hold 46.14% of the CCL Products (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of CCL Products (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.6% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
CCL Products (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 26.7% | 20.5% | 19.1% | 27.6% | 17.6% | 14.1% | 14.3% | 9.3% | 10.1% | 20.8% | - |
| Value Creation Index ⓘ | 0.9 | 0.5 | 0.4 | 1.0 | 0.3 | 0.0 | 0.1 | -0.3 | -0.3 | 0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 707 | 823 | 809 | 823 | 795 | 923 | 1,356 | 1,456 | 1,718 | 2,216 | 2,258 |
| Sales YoY Gr. | - | 16.4% | -1.7% | 1.7% | -3.4% | 16.1% | 46.9% | 7.4% | 18% | 29% | - |
| Adj EPS ⓘ | 7.5 | 7.5 | 9.7 | 17.6 | 11.7 | 9.2 | 12.7 | 6.2 | 5.4 | 17.9 | 20.8 |
| YoY Gr. | - | 0% | 29.6% | 82.1% | -33.8% | -21.3% | 38.2% | -51.6% | -12.4% | 232.5% | - |
| BVPS (₹) ⓘ | 40.4 | 44.7 | 48.8 | 59.6 | 69.8 | 74.7 | 80.3 | 82.5 | 87.3 | 101.4 | 103.1 |
| Adj Net Profit ⓘ | 99.4 | 99.4 | 129 | 234 | 155 | 122 | 169 | 81.8 | 72 | 239 | 278 |
| Cash Flow from Ops. ⓘ | 55.5 | 72 | 114 | -15.5 | 140 | 21.2 | 102 | 62.5 | 148 | 324 | - |
| Debt/CF from Ops. ⓘ | 1.8 | 4.3 | 3.5 | -28.2 | 2.9 | 22.7 | 5.6 | 12.5 | 5.8 | 1.8 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 13.5% | 22.8% | 17.8% | 29% | ||||
| Adj EPS ⓘ | 10.2% | 8.9% | 12.2% | 232.5% | ||||
| BVPSⓘ | 10.8% | 7.8% | 8.1% | 16.1% | ||||
| Share Price | 14.5% | 21.7% | 19% | 13.4% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 20.2 | 17.6 | 20.7 | 32.5 | 18.1 | 12.7 | 16.3 | 7.5 | 6.3 | 18.7 | 20.4 |
| Op. Profit Mgn % ⓘ | 24 | 20.3 | 21.5 | 24.4 | 22.9 | 20.5 | 15.4 | 13.2 | 11.9 | 10.5 | 12.4 |
| Net Profit Mgn % ⓘ | 14.1 | 12.1 | 15.9 | 28.5 | 19.6 | 13.2 | 12.5 | 5.6 | 4.2 | 10.8 | 12.3 |
| Debt to Equity ⓘ | 0.2 | 0.5 | 0.6 | 0.6 | 0.4 | 0.5 | 0.5 | 0.7 | 0.7 | 0.4 | - |
| Working Cap Days ⓘ | 154 | 160 | 172 | 195 | 231 | 225 | 186 | 206 | 222 | 213 | 111 |
| Cash Conv. Cycle ⓘ | 105 | 109 | 109 | 135 | 171 | 171 | 141 | 159 | 164 | 144 | 19 |
Valuation of CCL Products (India) - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 976 | 1,137 | 1,081 | 1,139 | 1,242 | 1,462 | 2,071 | 2,654 | 3,106 | 4,457 |
| Operating Expenses ⓘ + | 744 | 898 | 836 | 861 | 950 | 1,138 | 1,685 | 2,226 | 2,571 | 3,803 |
| Operating Profit ⓘ | 232 | 239 | 245 | 278 | 293 | 324 | 387 | 428 | 535 | 655 |
| Operating Profit Margin (%) | 23.8% | 21.0% | 22.7% | 24.4% | 23.5% | 22.2% | 18.7% | 16.1% | 17.2% | 14.7% |
| Other Income ⓘ + | 1 | 5 | 3 | 12 | 9 | 11 | 17 | 23 | 29 | 87 |
| Interest ⓘ | 11 | 8 | 8 | 18 | 17 | 16 | 34 | 78 | 113 | 129 |
| Depreciation ⓘ | 33 | 34 | 32 | 47 | 49 | 57 | 64 | 98 | 98 | 152 |
| Profit Before Tax ⓘ | 189 | 202 | 209 | 225 | 235 | 261 | 305 | 276 | 352 | 461 |
| Tax ⓘ | 54 | 54 | 54 | 59 | 53 | 57 | 21 | 26 | 42 | 73 |
| Profit After Tax | 135 | 148 | 155 | 166 | 182 | 204 | 284 | 250 | 310 | 388 |
| PAT Margin (%) | 13.8% | 13.0% | 14.3% | 14.6% | 14.7% | 14.0% | 13.7% | 9.4% | 10.0% | 8.7% |
| Adjusted EPS (₹) | 10.1 | 11.1 | 11.6 | 12.5 | 13.7 | 15.4 | 21.4 | 18.8 | 23.2 | 29.1 |
| Dividend Payout Ratio (%) | 24.70% | 22.50% | 30.10% | 40.10% | 29.20% | 32.60% | 25.80% | 23.90% | 21.50% | 19.80% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 628 | 740 | 839 | 928 | 1,087 | 1,244 | 1,487 | 1,657 | 1,944 | 2,321 | |
| Debt + | 101 | 308 | 376 | 392 | 475 | 561 | 838 | 1,530 | 1,623 | 1,099 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 12 | 10 | 57 | 25 | 22 | 46 | 74 | 100 | 221 | 254 | |
| Others Liabilities ⓘ | 107 | 75 | 150 | 164 | 205 | 219 | 200 | 252 | 452 | 652 | |
| Total Liabilities ⓘ | 848 | 1,134 | 1,422 | 1,509 | 1,788 | 2,070 | 2,598 | 3,539 | 4,241 | 4,326 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 393 | 371 | 383 | 724 | 798 | 882 | 1,257 | 1,252 | 1,622 | 2,027 | |
| CWIP ⓘ | 0 | 226 | 424 | 100 | 149 | 160 | 54 | 501 | 450 | 3 | |
| Investments ⓘ | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 3 | |
| Inventories | 183 | 183 | 202 | 260 | 320 | 519 | 578 | 788 | 1,052 | 1,042 | |
| Trade Receivables | 163 | 182 | 235 | 268 | 299 | 320 | 441 | 497 | 690 | 817 | |
| Cash Equivalents | 17 | 44 | 97 | 39 | 120 | 54 | 83 | 170 | 98 | 218 | |
| Others Assets ⓘ | 91 | 125 | 79 | 117 | 102 | 135 | 184 | 331 | 329 | 216 | |
| Total Assets ⓘ | 848 | 1,134 | 1,422 | 1,509 | 1,788 | 2,070 | 2,598 | 3,539 | 4,241 | 4,326 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 102 | 145 | 162 | 91 | 171 | 116 | 173 | 55 | 290 | 858 |
| Cash Flow From Investing Activity ⓘ + | -20 | -247 | -175 | -88 | -153 | -192 | -332 | -514 | -416 | -70 |
| Cash Flow From Financing Activity ⓘ + | -84 | 129 | 42 | -37 | 64 | 9 | 164 | 559 | 53 | -757 |
| Net Cash Flow ⓘ | -2 | 27 | 29 | -35 | 82 | -67 | 5 | 100 | -73 | 32 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 23.65 | 21.65 | 19.62 | 18.78 | 18.08 | 17.53 | 20.8 | 15.91 | 17.23 | 18.2 |
| ROCE (%) | 26.85 | 23.02 | 18.83 | 18.34 | 16.54 | 15.65 | 15.73 | 12.4 | 13.15 | 15.9 |
| Asset Turnover Ratio | 1.19 | 1.15 | 0.85 | 0.78 | 0.75 | 0.76 | 0.89 | 0.86 | 0.8 | 1.04 |
| PAT to CFO Conversion(x) | 0.76 | 0.98 | 1.05 | 0.55 | 0.94 | 0.57 | 0.61 | 0.22 | 0.94 | 2.21 |
| Working Capital Days | ||||||||||
| Receivable Days | 54 | 55.30 | 70.40 | 80.60 | 83.20 | 77.20 | 67.10 | 64.50 | 69.80 | 61.70 |
| Inventory Days | 61.50 | 58.70 | 65 | 74.10 | 85.20 | 104.70 | 96.70 | 94 | 108.20 | 85.80 |
| Payable Days | 7.90 | 6 | 20.60 | 26.70 | 14.30 | 17 | 19.30 | 20.40 | 31.80 | 29.80 |
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CCL Products (India) Ltd FAQs
The current trading price of CCL Products (India) on 23-Sep-2026 16:59 is ₹1,043.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Sep-2026 the market cap of CCL Products (India) stood at ₹13,931.6 Cr
The latest P/E ratio of CCL Products (India) as of 22-Sep-2026 is 50.07.
The latest P/B ratio of CCL Products (India) as of 22-Sep-2026 is 10.12.
The 52-week high of CCL Products (India) is ₹1,241.9 and the 52-week low is ₹815.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CCL Products (India) is ₹2,258 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that CCL Products (India) Ltd is a average quality company.
The key valuation ratios of CCL Products (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of CCL Products (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About CCL Products (India) Ltd
CCL Products (India) Limited, a listed public company limited by shares was founded in the year 1994 with the vision of creating only the finest and the richest coffee in the world. The company do business with integrity, commitment, customer orientation and an unwavering effort to maintain the highest quality standards in the industry. Its strong infrastructural backbone and a global client repertoire in several countries have led it to evolve into the largest instant coffee exporter in private labeling in the world.
On the manufacturing unit front, the company has state-of-the-art Soluble Instant Coffee Manufacturing. The plant is located at Duggirala Mandal, Guntur District, Andhra Pradesh, India. The company has the distinction of setting up India’s first Freeze. Dried Instant Coffee Manufacturing Plant in the year 2005 at this facility. With an emerging demand for its freeze dried coffee one more freeze dried unit has been put up at Kuvvakolli.
Meanwhile, Continental Coffee S.A is engaged in the manufacture of Instant/Soluble Agglomerated/granulated Coffee, as well as the supplying of Spray-Dried coffee, and Freeze Dried Coffee. The company has the ability to customize instant coffee, as per the customer requirements, from carefully chosen Arabica and Robusta coffee beans which are roasted and processed to perfection. In addition to 100% pure soluble instant coffee. Moreover, Ngon Coffee state-of-the-art Coffee Manufacturing Plant is located at Cu Kuin Industrial Complex, Cu Kuin District, Dak lak Province, Vietnam.
Business area of the company
The company is engaged in the production, trading and distribution of Coffee. The Company has business operations mainly in India, Vietnam and Switzerland countries
Products
- Spray Dried Coffee Powder
- Spray Dried Coffee Granules
- Freeze Dried Coffee
- Freeze Concentrated Liquid Coffee
- Roast & Ground Coffee
- Roasted Coffee Beans
- Premix Coffee
Milestones
- 1993: Inception of CCL
- 1995: Production capacity of 3600 MTs
- 2003: Enhanced capacity to 6000 MTs
- 2005: India’s First instant coffee FD plant was set up
- 2007: Second FD plant was set up with 4500 MTs
- 2010: 3000 MTS granulations capacity plant at Switzerland was set up
- 2012: Vietnam 10000MTs spray dried plant was set up
- 2014: Continental Coffee Pvt. Ltd was set up
- 2014: Reached a capacity of 14000MTs in spray dried
- 2016: 15000 MTs premix plant was set up
- 2019: 5000 MTs new FD plant at SEZ
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